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Reverse Mortgages

Reverse mortgages have helped many home owners over age 62 access their home equity and turn it into cash.

What is a reverse mortgage?

A reverse mortgage is different than a traditional forward mortgage. With a forward mortgage, you make payments to a lender, which gradually decreases your principal balance and increases the equity in your home. Alternatively, with a reverse mortgage, the lender makes payments to you, and with each one, your loan balance grows.

Reverse mortgage qualifications

Are you wondering if a reverse mortgage is right for you and your family?

Do you have questions? Whatever you need, an experienced reverse mortgage professional at Better Built Mortgage is standing by to help!

Reverse mortgage borrowers must maintain the property and keep current property taxes, homeowner’s insurance and HOA dues. This material is not from HUD or FHA, nor was this approved, endorsed by, or on behalf of any Government Agency. For licensing, see www.nmlsconsumeraccess.org.

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